A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros with a stable outlook. “The ratings reflect the company’s superior risk-based capitalization, excellent operating performance and excellent business profile,” said Best.
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You would expect to pay $3 to $4 million for that firm. They got a deal.
More QuotesBill Kulchin, a former producer at the firm, on the $1.4 million winning bid for the troubled California brokerage, C.M. Meiers.
